The dairy industry has faced several years of bear markets and just when things looked like they were going to turn around in 2020, COVID-19 hit. Reduced foodservice demand, increased retail demand, and government purchases through the Food Box Distribution program have all focused more attention on the Federal Milk Marketing Order (FMMO) pricing system. The impact was a record-large spread between prices for the various milk classes, de-pooling of milk, and milk check deductions through producer price differentials. Though not directly related, the timing is notable that the American Farm Bureau Federation (AFBF) has released a new policy proposal for FMMO reform. AFBF, in fact, convened a working group for updating the FMMO a...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.